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Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24144986
Sold Date 11/20/24
Bedrooms 8
HOA Y/N No
Lot Size 7,502 Sqft
Property Description
Wonderful Property!! Large corner lot with Two Duplex's , all 2 Bedroom 1 Bath apts. 3 Garages plus 4 parking spaces, facing the street. Each Unit has front and back yards. Under LA Rent Control with low rents & long term tenants. Potential of $2200/mo per unit 7.7 X Gross. (This eventually could be real money maker!! ) Priced at $255/SF REDUCED NOW so it is much lower than ALL Listings and most comparable Sales!! Nice section of Wilmington. Tenants pay for all utilities and that is a BIG plus factor. Copper Plumbing in all units. Diamond in the rough.
Wonderful Property!! Large corner lot with Two Duplex's , all 2 Bedroom 1 Bath apts. 3 Garages plus 4 parking spaces, facing the street. Each Unit has front and back yards. Under LA Rent Control with low rents & long term tenants. Potential of $2200/mo per unit 7.7 X Gross. (This eventually could be real money maker!! ) Priced at $255/SF REDUCED NOW so it is much lower than ALL Listings and most comparable Sales!! Nice section of Wilmington. Tenants pay for all utilities and that is a BIG plus factor. Copper Plumbing in all units. Diamond in the rough.
Location
State CA
County Los Angeles
Area Wilmington (90744)
Zoning Assessor
Building
Lot Description Corner Lot, Sidewalks
Story 1
Lot Size Range 7500-10889 SF
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Bought with CENTURY 21 REALTY MASTERS
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